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Minnesota exports nudge up slightly in first quarter

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Minnesota exports increased for the 10th consecutive quarter in the first quarter of 2013. However, the increase was small, less than one-half of 1 percent.

The Pioneer Press cites the state's Department of Employment and Economic Development's Wednesday report. It shows that growth reached $4.9 billion in the first quarter of 2013. That is an increase of $17 million from the first quarter of 2012.

MPR quotes Minnesota's DEED commissioner Katie Clark Sieben, who said overall exports to Asia, the state's second largest export market, fell in the first quarter by 11 percents.

"Japan was down 26 percent, so it's really the Asian partners where we're seeing some decreases," Clark Sieben said..

Exports to Canada and some European countries climbed, helping to offset the declines. Machinery led all export categories, with gains reported in optics and medical, and vehicles. Sales of meat declined more than 20 percent in the quarter.

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Minnesota companies ship $5B in exports during first quarter

Minnesota exports grew two percent in the first three months of 2012 to $4.9 billion, according to the Minnesota Department of Employment and Economic Development. Canada was the state's biggest export customer. Exports to South Korea and Mexico jumped roughly 25 percent.

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Despite slowing economies in Asia and Europe, Minnesota exports broke a record in the second quarter, reaching $5.4 billion. The previous record was $5.3 billion in the same quarter last year. Minnesota increased exports to Canada, the state's largest foreign buyer, by 2.8 percent to $1.6 billion.

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